Australia inflation undershoots forecasts, spurring traders to pare RBA hike bets

Australia inflation undershoots forecasts, spurring traders to pare RBA hike bets

SYDNEY: Australian consumer price inflation slowed a tick in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates.

SYDNEY: Australian consumer price inflation slowed a tick in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates.

This article was originally published by New Straits Times.

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